Deloitte Research data states that 1 in 3 new hires leave a company within the first year of employment. That number represents a large loss of productive and increased turnover costs. Some turnover in the first year is expected—as both the company and the employee explore whether this is the "right fit" for either of them. But if the right fit is there, companies can improve their talent retention rate significantly by paying attention to the needs of the new employee. And mentoring can help.
Business Mentoring Matters
Succession planning helps prepare people to step into new roles when their colleagues leave, retire, or move on to other areas of the organization. This makes for a smoother transition for everyone.
Many people believe that you are either born with leadership skills or you are not. Although some people are natural born leaders, it is possible to learn how to lead....and mentoring can help.
There are some mentoring myths we encounter day in and day out as we guide our clients on their mentoring journey. This is the second in a series of posts on mentoring myths. Watch as we bust these myths wide open!
Harvard Biz Review recently posted an article titled "How Can Companies Attract the Best College Talent" by Sanjeev Agrawal at Collegefeed about college hiring strategies and tactics. Agrawal says that Collegefeed met with more than 300 companies that are looking to hire fresh, young talent.
Carrie Kerpen recently wrote an article for Inc.com titled "3 Simple Ways to Vastly Improve Your Company Culture: How to Be a Great Boss, Even During the Tough Times."
Kerpen's 3 simple ways: